RSM Spotlight - 08 October 2018

Decree 119/2018/ND-CP on e-invoicing has been finally approved by the Government and officially released on 12 September (effect from 1 November 2018). Decree 119 makes e-invoices compulsory for all enterprises from 1 November 2020.

On 6 July, the Prime Minister approved Decision No. 27/2018/QD-Ttg promulgating a new System of Vietnam economic sector (effect from 20 August 2018), replacing old system that is promulgated in Decision No. 10/2007/QD-TTg dated 23 January 2007.

  • Decree 119/2018/NĐ-CP on Electronic Invoice (Download here)
  • Decision 27/2018/QD-TTg guidance on the System of Economic Branches in Vietnam (Download here)

Please feel free to let us know if you wish to discuss any aspect of this new regulation.

Should you require further information, please contact your usual RSM advisor or one of the tax professionals listed in the contact list.

 

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